Certificates of Deposit

TYPE OF INVESTMENT

NAFIN London Branch issues Certificates of Deposit (CDs) which are a type of investment creating or acknowledging indebtedness (as specified in article 77 of the Regulated Activities Order) on behalf of our Head Office and ultimately the Mexican government.

SOVEREIGN DEBT.

Pursuant to Mexican Federal Legislation, NAFIN’s Certificates of Deposit constitute sovereign debt backed by the Mexican government:

Article 10 NAFIN Creation Act/ Organic Law: The [Mexican] Federal Government shall back all operations and transactions contracted by NAFIN with […] foreign private, governmental and intergovernmental institutions.

Our Certificates of Deposit are registered with the Ministry of Finance of Mexico as external/ foreign indebtedness.

FORM.

The CDs can be issued at a discount and/ or interest-bearing in a global permanent form meaning that the entire issued amount of a security is represented by a single certificate also called a Global Note.

PROGRAMME FEATURES

ISSUER	NAFIN LONDON BRANCH
Paying Agent	HSBC BANK PLC
Amount	Up to U.S. Dls. 3,000,000,000.00
Type of Instrument	Certificates of Deposit (CDs)
Issue Price	To be determined on placement
Issue Type	Discounted and/or fixed/variable rate of interest
Term	Between 7 days and 10 years
Currency	U.S. Dollars (US Dls.) or any other currency freely convertible to US Dollars
Coupon	Fixed, variable or zero
Governing Law	English Law

A detailed description of our CDs Programme is included in our Information Memorandum.

Official ratings

	Standard & Poor's
Foreign Currency (Global Scale)	BBB+
Local Currency (National Scale)	mxAAA
Certificate of Deposit (London Branch)	A-2

FITCH RATINGS

NAFIN Rating Update (January 2017)

STANDARd & POOR'S

Nafin Rating Update (June 2020)

“Nacional Financiera SNC through its London Branch offers Certificates of Deposit for sale to professional clients and eligible counterparties as defined in the rules set out by the Financial Conduct Authority. The Certificates of Deposit are not designed for retail investors. Nacional Financiera SNC is authorised and regulated by the Comisión Nacional Bancaria y de Valores in Mexico, the Financial Conduct Authority in the United Kingdom under FRN172327, and registered as a branch in England and Wales under No. BR0003353 at 30th Floor, 122 Leadenhall Street, London, EC3V 4AB. VAT Registration Number 245764343.”